Elon Musk is thinking about letting customers buy a Tesla with DOGE
Elon Musk really, REALLY likes Dogecoin.
After endlessly shilling the joke cryptocurrency on Twitter, in interviews and on television, and after announcing that his company SpaceX will literally send a satellite named Doge-1 to the moon, Musk now seems to be considering adding a DOGE payment option to Tesla.
On Tuesday, Musk posted a poll on Twitter, asking users whether they want Tesla to accept DOGE.
Do you want Tesla to accept Doge?
— Elon Musk (@elonmusk) May 11, 2021
At writing time, the feedback is overwhelmingly in favor; with 1.4 million votes cast, 76.9 percent have voted yes, and 23.1 percent have voted against it.
Unsurprisingly, the price of DOGE jumped immediately following the poll, from about $0.46 to $0.55.
The idea shouldn’t be technically that hard to implement; after all, Tesla is already accepting Bitcoin as payment, and DOGE isn’t fundamentally very different from Bitcoin — though it is worth noting that Bitcoin is far more ubiquitous on exchanges than DOGE.
Still, is there any point to this, beyond Musk continuing to champion his favorite cryptocurrency, and causing its price to spike? Probably not, though DOGE is a perfectly usable cryptocurrency which is used daily by millions, and even though I doubt Tesla will see a massive amount of DOGE-facilitated sales, the real question here may be: Why not?